Lifespring Centerplace II Inc

Analysis

Lifespring Centerplace II Inc is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lifespring Centerplace II Inc reported income of $55k and spending of $50k, spending 91% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $55k to $55k (-0.9%), an average of -0.9% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifespring Centerplace II Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within IN. Charities of a similar size with the same main cause include Lifeline to Seamen Inc ($55k), Norwalk Youth Wrestling Club ($55k) and Stephanies House ($55k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $190k against liabilities of $16k, net assets of $174k.